Microgrid Market: Global Market Size, Forecast, Insights, and Competitive Landscape

The global microgrid market is expected to grow at a CAGR of around 10.5% during 2021-2027. This report on global microgrid market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global microgrid market by segmenting the market based on energy source, application, and region. Also, detailed profiles of companies operating in the microgrid market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing Demand for Off Grid Electricity
• Government Program Toward Electrification

Market Challenges

• High Installation Cost

Historical & Forecast Period

Base Year: 2020
Historical Period: 2016-2019
Forecast Period: 2021-2027

Market by Energy Source

• Natural Gas
• Combined Heat and Power
• Solar Photovoltaic (PV)
• Diesel
• Fuel Cell
• Others

Market by Application

• Remote Systems
• Institution and Campus
• Utility/Community
• Defence
• Others

Market by Region

• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Microgrid Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Microgrid Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
5. Global Microgrid Market by Energy Source
5.1. Introduction
5.2. Natural Gas
5.3. Combined Heat and Power
5.4. Solar Photovoltaic (PV)
5.5. Diesel
5.6. Fuel Cell
5.7. Others
6. Global Microgrid Market by Application
6.1 Introduction
6.2 Remote Systems
6.3 Institution and Campus
6.4 Utility/Community
6.5 Defence
6.6 Others
7. Global Microgrid Market by Region
7.1 Introduction
7.2 Europe
7.3 North America
7.4 Asia Pacific
7.5 Latin America
7.6 Middle East & Africa
8. SWOT Analysis
9. Porter’s Five Forces
10. Market Value Chain Analysis
11. Competitive Landscape
11.1 Competitive Scenario
11.2 Company Profiles
11.2.1 ABB Ltd.
11.2.2 Eaton Corporation
11.2.3 Exelon Corporation
11.2.4 General Electric
11.2.5 HOMER Energy LLC
11.2.6 Honeywell International Inc.
11.2.7 Lockheed Martin
11.2.8 Power Analytics Corporation
11.2.9 Schneider Electric SE
11.2.10 Siemens
11.2.11 S&C Electric Company

List of Figures

Figure 1: Global Microgrid Market (in US$ Million), 2016-2020
Figure 2: Global Microgrid Market by Energy Source, 2020
Figure 3: Global Microgrid Market by Application, 2020
Figure 4: Global Microgrid Market by Region, 2020
Figure 5: Global Microgrid Market (in US$ Million), 2021-2027
Figure 6: Global Microgrid Market by Energy Source (in %), 2020 & 2027
Figure 7: Global Natural Gas Microgrid Market (in US$ Million), 2016-2020
Figure 8: Global Natural Gas Microgrid Market (in US$ Million), 2021-2027
Figure 9: Global Combined Heat and Power Microgrid Market (in US$ Million), 2016-2020
Figure 10: Global Combined Heat and Power Microgrid Market (in US$ Million), 2021-2027
Figure 11: Global Solar Photovoltaic (PV) Microgrid Market (in US$ Million), 2016-2020
Figure 12: Global Solar Photovoltaic (PV) Microgrid Market (in US$ Million), 2021-2027
Figure 13: Global Diesel Microgrid Market (in US$ Million), 2016-2020
Figure 14: Global Diesel Microgrid Market (in US$ Million), 2021-2027
Figure 15: Global Fuel Cell Microgrid Market (in US$ Million), 2016-2020
Figure 16: Global Fuel Cell Microgrid Market (in US$ Million), 2021-2027
Figure 17: Global Other Energy Sources Microgrid Market (in US$ Million), 2016-2020
Figure 18: Global Other Energy Sources Microgrid Market (in US$ Million), 2021-2027
Figure 19: Global Microgrid Market by Application (in %), 2020 & 2027
Figure 20: Global Remote Systems Microgrid Market (in US$ Million), 2016-2020
Figure 21: Global Remote Systems Microgrid Market (in US$ Million), 2021-2027
Figure 22: Global Institution and Campus Microgrid Market (in US$ Million), 2016-2020
Figure 23: Global Institution and Campus Microgrid Market (in US$ Million), 2021-2027
Figure 24: Global Utility/Community Microgrid Market (in US$ Million), 2016-2020
Figure 25: Global Utility/Community Microgrid Market (in US$ Million), 2021-2027
Figure 26: Global Defence Microgrid Market (in US$ Million), 2016-2020
Figure 27: Global Defence Microgrid Market (in US$ Million), 2021-2027
Figure 28: Global Other Applications Microgrid Market (in US$ Million), 2016-2020
Figure 29: Global Other Applications Microgrid Market (in US$ Million), 2021-2027
Figure 30: Global Microgrid Market by Region (in %), 2020 & 2027
Figure 31: Europe Microgrid Market (in US$ Million), 2016-2020
Figure 32: Europe Microgrid Market (in US$ Million), 2021-2027
Figure 33: North America Microgrid Market (in US$ Million), 2016-2020
Figure 34: North America Microgrid Market (in US$ Million), 2021-2027
Figure 35: Asia Pacific Microgrid Market (in US$ Million), 2016-2020
Figure 36: Asia Pacific Microgrid Market (in US$ Million), 2021-2027
Figure 37: Latin America Microgrid Market (in US$ Million), 2016-2020
Figure 38: Latin America Microgrid Market (in US$ Million), 2021-2027
Figure 39: Middle East & Africa Microgrid Market (in US$ Million), 2016-2020
Figure 40: Middle East & Africa Microgrid Market (in US$ Million), 2021-2027
Figure 41: Market Value Chain

List of Tables

Table 1: Global Microgrid Market Portraiture
Table 2: Global Microgrid Market by Energy Sources (in US$ Million), 2020 & 2027
Table 3: Global Microgrid Market by Application (in US$ Million), 2020 & 2027
Table 4: Global Microgrid Market by Region (in US$ Million), 2020 & 2027
Table 5: List of Key Players